Yesterday, news broke of an abrupt closure at Hawk’s Tavern in Mill Valley. Today, Rick Ronald — one of the partners in the endeavor — shares a few more details on what happened at the high-profile Marin restaurant, and what’s ahead for it.

“We don’t have any immediate plans,” Ronald says. “Our issue is that we’re having a lot of trouble controlling costs. It wasn’t working economically, so we shut it down.”

“We had to close quickly because we were bleeding money, so it was in the best interest of the partners to stop the bleeding.”

Going forward, there are several scenarios at play. One option is for the Hawk’s Tavern crew to give the space back to the landlord and let the landlord handle it and likely lease it to another restaurant. Another is for the crew to hang onto it, maintain the lease, put more money into it and rebrand it. Yet another would be to sell their stake directly to another restaurant.

Adds Ronald: “The first step is to decide whether to turn space back to the landlord or run with it ourselves.”

There’s no timetable on when that decision might be made, but it could be within the next several weeks.